Crytpocurrency
4th Corrective wave?I anticipate more sideways action during the next upcoming days.
As you can see we landed a perfect 1:1 extension from the pivot of the 1-2.
While digging deeper into the current waves, i see a potential corrective pattern of a higher degree that what can be seen on H1-H4. I will post the chart in the comment.
If you have something different, feel free to post it as a comment, it's always enlightening to see alternative counts.
BTC down trend continues Hello everyone,
Update on BTC. we moved down killing the long term bull trend ( 1D chart, check my trading view ) now the trend is down for the time being so:
Short positions is what its all about!
I'd expect BTC to retest its resistance , when is difficult to say but I'd hope it happens before we go below 7.1K~6.85.
still in a down trend even if we retest the resistance, so don't cheer for a long position yet since that is risky in a down trend.
why:
-Ichimoku indicating down wards movement.
- TK cross
- Volume since wedge 1 and 2.
- EMA 125 indicating strong move down
- EMA 25 for price trend
- higher time frame trends
- EMA 125 extend from price ( yellow arrow )
So what to watch for:
- EMA 25 price trend shift
- Cloud rejection(/entry) ( possible )
- TK cross
- EMA 125 as strong resistance
- Volume spike ( yellow box )
TLDR: Watch for a move up to remove the EMA gap, rejection afterwards for down trend continuation.
as always,
Happy Hunting!
Bitcoin not reverse fractal buy ?Minor error. Just Discovered reverse Williams Fractal was not so because one of the arrows had been concealed behind one of the yellow triangles marking times when I had published a post. I have therefore removed the second blue coloured Fractal pattern, including the finger that was pointing upwards and the question mark. Market is seeing both Fib support and resistance. It has crossed one of my Bollinger trend lines but its the weekend and will have to observe if it holds because there was not much force behind it and looks more like it crossed while price was going sideways. I have put back the lower Bollinger trend line. The important thing is that for a good break the price has to cross decisively rather than cross a trend line because price has been going sideways. I may also add one later from the 15 minute chart.
Big Price Move After A Lot of Chop!ETHUSD has been choppy as of late on the 15 minute chart, but it's showing constructive signs this morning with a big price move above 610. Volume is also surging and the main trend is likely close to changing trend directions. All signs point to a reasonable entry with an initial stop that could be placed around 600 on the 15 minute chart. Best of luck!
*All ideas are for informational purposes only. They are never recommendations to buy or sell.*
BTC REPEATING FRACTALS?? BULL TRAP?? ARE WE GOING DOWN TO 6K??Hello TradingView familia!!
This is my first post so please take this with a grain of salt!
Can we be seeing a fractal repeating for BTC?? I don't think this bull run that we're currently seeing has enough gas to keep the fire going!!
I'm looking to buy around the ~$6.4-$6.2K region.
What do you guys think?? Can history repeat itself?? Give a like!!
$ETH - Have we found our trend line? #EthereumEthereum looks to be running on a steady "assumed" trend line.
Bullish scenario: Last point of contact point saw huge gains, same could apply here.
Bearish scenario: Head and Shoulders pattern confirmed. Downtrend to ~62 fib retracement before the bounce.
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EURUSD testing major resistance, potential reversal! EURUSD is testing major resistance at 1.2364 (61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap resistance) where a possible reversal might happen. Price may fall to its 1st support at 1.2236 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal pull back support). If it breaks past this level it could possibly fall to its next resistance at 1.2161 (100% Fibonacci extension , L T 61.8% Fibonacci retracement , horizontal swing low support). We have also identified another resistance at 1.2403 (61.8% Fibonacci extension , 61.8% Fibonacci retracement ).
Stochastic (89, 5, 3) is approaching its resistance at 97.7% where a corresponding reversal could occur.
Take care with Ripple, this is an unusual Chart to meHey followers,
AS you get to know me you will see that i am not a big Fan of conspiracy theories, but when I look at Ripple it just doesn’t look right to me.
I expect to see bounces come off most EMA’s, they are obvious support and resistance levels and will bring traders into the market. It’s the size and strength of the bars that surprise me on XRPBTC.
Ripple is in a solid move down, while our Chanel tool won’t fit beautifully over it like in a Trading manual. It’s pretty clear for all to see.
But Each time it hits a EMA we see quite aggressive buying, stronger buying than I would expect off the levels. You will see the 20EMA (Light blue line, circled) Hit and immediate buying, the Test of the 50 EMA (Red line circled) followed by the 2 most Bullish bars on the move down, they are only just better than the three buying bars following the test of the 100 EMA (pink line circled) , and now the bounce off the 200EMA (Green line circled). Perhaps its just market forces, but it looks odd to me.
I am out of XRP Until we get below the 200EMA, Its an important level and if someone is playing they may yet be back here. But if we get below the 200EMA on a DAILY chart, I will be looking to sell the first lower high we put in under it, especially if that happens to be a test of the 200EMa from below.
I will look at buy back levels if we get put in.
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Bitcoin | This is the time when impatients loose moneyHi Everyone,
Market is in the mode of heavy resistance , and support. Unless either breakout doesn't happen , please hold on to your dear money, neither exit nor get it.
Reason: Market is always testing the support n resistance points , not breaking out either of them.
This is where impatient's loose their money and give to Market makers, if you think this is the right time to jump in, market will fall, and because of your impatience you will try to sell.
If you sell, market will move up and you will try to jump in and again sustain a loss.
Somebody had said, its better to make no money, than to loose money.
So, please wait for proper signal before deciding to jump into the market. Don't worry on missing out the game , Market is gonna live long. But the question is will you? Because of your impatience??
BTS/BTS showing Bullish Divergence on 1DBTS has retraced 78% from previous high from 1/2. BTS is also showing a falling wedge with top diagonal showing resistance. This can be a possible scalp trade while BTS is testing resistance. RSI is showing a bullish divergence from the chart making lower lows and higher lows on the the RSI. Previous bullish divergence back in Oct had a 680% price increase over about 77 days. Not saying lighting will strike twice, but history tends to repeat itself. With a signal of a bullish divergence and breaking of the wedge, we have lift off!
BITCOIN CASH #BCH bull ideaBroke the trend and touch the new 200 ema perfectly. New high are gonna be meet the next two weeks
For HOLD TRADING: sell 20% of the coin at 4800$ and 6400$
For meduim trade: sell 10% of the coin at 2700
For margin trading: sell al at 2000$